Information based on historical fact has always been a fundamental factor that determines success or failure in the evaluation of risk. Add the laws of probability to this historical picture and many economic and financial variables fall into a logical pattern. Unfortunately, although these patterns resemble the truth, innovation, a sequence of events and humankind generally never allow the picture to be perfect. In 1686, at a time not much different than today, when innovations in business, finance and risk were flourishing, a coffee house established on Tower Street became the epicenter for the sharing of information that had the potential to move the insurance specialists knowledge of risk just a little closer to the truth. Tower Street Intelligence appreciates that “resemblance to the truth” is not the same as “the truth” and that is where the unruliness waits.
- Property & Casualty Agencies & Brokers
- Property & Casualty Agency Networks (Aggregators & Clusters)
- Property & Casualty Wholesale Operations & Distribution
- Property & Casualty MGA/MGU Operations & Distribution
- Insurtech
- Insurance Private Equity
- Carrier Distribution Strategy
- Program & Specialty Insurance Options
- Property & Casualty Solutions for Financial Institutions
Why We Do It
Disruption in the insurance industry is changing the rules of competition through the entire value chain. Incumbents face mounting threats from nontraditional players. Private Equity, in combination with tradition players are investing in highly targeted and digitally focused start-ups. Insurtech, leveraging the fusion of breakthrough technologies such as artificial intelligence, big data, the Internet of Things, robotics, etc. will disrupt every element of the insurance business life-cycle. This digital focus has given birth to a new class of offerings that will transform entire systems of production, management, leadership, and governance in the industry.
How We Do It
Tower Street team members have implemented our Decision-Centric approach to strategy with many different stakeholders in the insurance value chain. Our approach puts explicitly defined decisions into the business moment, which speeds up the decision cycle securing a very strong competitive position. Our question to our clients is, do you want the powerful advantage of a digital focus working for you, or against you?
To compete with nontraditional market entrants, insurance organizations need the people, processes and technology to quickly identify emerging opportunities and launch new initiatives that complement comparative advantage, product, experience and distribution. This is the focus of Tower Street Intelligence. We balance dynamic analysis and decades of experience to empower you to compete in the modern and dynamic insurance world. Our Decision-Centric Approach ensures that strategic, tactical and operational decisions become the soul of the high performing insurance organization. This approach to decision making delivers sound qualitative and quantitative results every time.
What We Do
Tower Street Intelligence is geared for the independence and objectivity which the wise and realistic C-Suite Executive, Entrepreneur, Corporate Board or Investor seeks in advisors who directly participate in their corporate activities. The Tower Street Team Advises these stake holders on the advantages and limitations of certain business strategies, business process development, acquisitions, divestitures, mergers, technology strategy and technological risk.
Our business strategy and process philosophy revolve around three core principles:
Consideration of both strategy-for-tomorrow and strategy-for-today in order to stay successful over time. A successful strategy must include both operational effectiveness and differentiation.
Innovation and effectiveness require different characteristics because the creative thinking process is much different than conventional analytical thinking associated with execution.
Competition in today’s business world is less about the product, markets or even the technology. It is about concepts and business models that change the rules of the competitive game. Organizations must be able to manage their day-to-day business effectively while at the same time visualizing and developing new business ideas and models for the future. This is the creative and divergent process that precedes the analytical and convergent strategic planning process.